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AEGON Life Insurance Company (ARLI) in India is a joint venture between AEGON N.V. (49%) and Bennett, Coleman & Company (51%).
AEGON, with its headquarters in Netherlands, is one of the world’s largest providers of life insurance, pension, long-term savings and investment products. With approximately 28,000 employees, the group serves over 40 million customers in over 20 markets. AEGON was formed in 1983 though the company’s history goes back to the 19th century. Bennett, Coleman & Co. Ltd. (BCCL) is part of the mammoth Times Group, is India’s largest media house and is part of this venture through Times Private Treaties arm.
AEGON Life has launched multiple products, but the iTerm Plan which is one of the cheapest term insurance plan available in India, is by far their most attractive offering. It is an online product which can be purchased on the internet by anyone and is very simple to understand thus eliminating the need of agents.
Vineet Arora is the Managing Director and CEO of AEGON Life Insurance Company.
| Year | 2011-12 | 2012-13 | 2013-14 | 2014-15 | 2015-16 | 2016-17 | 2017-18 | 2018-19 | 2019-20 |
|---|---|---|---|---|---|---|---|---|---|
| Claims ratio | 66.06 | 66.82 | 81.00 | 89.78 | 95.31 | 97.1 | 95.67 | 96.45 | Yet to be published |
| Year | 2011-12 | 2012-13 | 2013-14 | 2014-15 | 2015-16 | 2016-17 | 2017-18 | 2018-19 | 2019-20 |
|---|---|---|---|---|---|---|---|---|---|
| Market share | 0.2 | 0.1 | 0.1 | 0.2 | 0.1 | 0.1 | 0.1 | 0.05 | Yet to be published |
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